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Updated about 8 years ago,
Single Family Deal. Is it worth it?
Hello! I am considering buying a single family home from a local wholesaler (My first rental property). I have ran the numbers and they seem decent to me but I wanted to get some other perspectives. It is supposed to be a turnkey property but I am going to look at it tomorrow to see what shape it is really in. What do you guys think about these numbers?
Asking Price | 72,000 |
Rent | 900 |
Down Payment | 10,000 |
Mortgage | 310 |
Tax | 72 |
Insurance | 67 |
PMI | 30 |
Vacancy | 90 |
Repairs | 150 |
Costs | 719 |
Costs-Mtg | 409 |
Cashflow | 181 |
Caprate | 8.183333333 |
COC | 21.72 |